Salt Lake Telegram | 1933-10-17 | Page 1 | Officials See Huge Federal Income as New Liquor Taxes Are Designed

Officials See Huge Federal Income I As New Liquor Taxes Are Designed Dr OJ United Press WASHINGTON Oct OcL 17 A 17 A federal income of wartime proportions pro portions was seen by officials today as they put finishing touches on liquor tax The governments government's income already al already al al- ready is ic nearly double that o of last year at this time due to new taxes such as the beer levy levy- From July 1 to Oct 13 income was 8 against in the same period last year a- a Liquor taxes are arc expected to yield This however however how how- ever would be net gain of only because the dividend capital stock excess profit and one halt cent gasoline tax cease upon repeal The governments government's miscella- miscella ous ane-ous internal revenue promises to establish a new peace time record record record rec rec- ord of this month The processing tax has yielded and customs r receipts have n netted so far against last year At the present rate of increase the income might reach this year yean against last year provided there i is ir no business reversal Expenditures for all purposes from July 1 to October 13 totaled against 1 in inthe the same period lost last year but even so the treas treasury ry deficit this year was against last year ar